LAWRENCEVILLE, Ga.–A new report indicates that car segment depreciation has consistently picked up since January.
Trucks, conversely, have been a little more volatile. Overall vehicle segment depreciation has begun to accelerate over the last month, according to Black Book’s latest Market Insights report.
“Both car and truck segments are starting to show a consistent depreciation rate in the last four weeks, with truck depreciation picking up from the spring season,” said Anil Goyal, senior vice president of automotive valuation and analytics.
Key findings:
- Volume-weighted, overall car values decreased by 0.47% last week. This is similar to the average depreciation rate of 0.44% seen in the previous two weeks.
- Compact car, mid-size car and luxury car segments experienced significantly higher drop in value of 0.82%, 0.72% and 0.71%, respectively.
- Volume weighted, overall truck values decreased by 0.33% last week. This is similar to the average depreciation rate of 0.30% seen in the previous two weeks.
- Mid-Size luxury crossover/SUV segment experienced the largest decreases at 0.78%.